Sunday, 18 September 2016

CleanMax eyes 400 MW rooftop solar installed capacity in 2 years

Buoyed by the Centre's increased focus on renewable energy sector, solar solutions provider CleanMax Solar is looking to enhance its rooftop installed capacity by nearly eight-fold to about 400 MW in the next two years, a top company official said.

"With a current installed rooftop solar capacity of 55 MW across the major metros in the country, we are looking at increasing it to up to 400 MW in the next two years," company's Managing Director Kuldeep Singh told PTI here.

He said the government's vision of 40,000 MW of installed rooftop solar capacity by 2022 gives the company a huge opportunity to grow.

"Along with this, a number of private and government entities are also coming forward where we provide bespoke rooftop solar solutions," he said.

The company, which enjoys nearly 28 per cent share in the total rooftop solar market, has presence in six metros including Mumbai, Pune, Bangalore, Jaipur, Chennai and Hyderabad.

When asked whether the government's ambitious target of 40,000 MW was achievable, Jain said, "The target is massive and we should not go much into the numbers. But the positive side to it is that there is improved activity and acceptability in this space."

CleanMax caters to clients across sectors like automotive/auto components, food and beverages, government establishments, academic institutions, IT/ ITeS and other manufacturing industries.

Founded in 2011, the company develops solar projects on a turnkey basis, providing power on a per-kWh basis, under long-term power purchase agreements, typically at rates cheaper than grid tariffs.

It also installs solar power plants on a capex basis, and can supply off-site solar power through open access in Karnataka and Tamil Nadu.

My View:

The target by Clean Max is quite ambitious. The competition is immense in solar rooftop segment. The offtakers are still not coming in full fledged manner. The policies and technology is also coming up in positive manner which is facilitating solar industry.

Lets hope that in future more efficient technology can come which can help the industry to grow.